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The Honolulu Advertiser
Posted on: Saturday, May 15, 2010

Wall Street still worried about Europe


Associated Press

NEW YORK Stocks tumbled for a second day yesterday after concerns grew that the deep spending cuts under Europe's bailout plan would slow a global recovery.

The Dow and other indexes had posted big gains for the week after rocketing higher Monday on hopes that Europe's emergency loan package would prevent a debt crisis in Greece from spreading. Enthusiasm about the plan wore off as the week went on.